BTC/USD: Bitcoin Up 17% in the Month to Thanksgiving as Crypto Bros Stay Optimistic

With the prospects of the SEC greenlighting the first US spot Bitcoin ETF, broad-based enthusiasm sweeps the token space.

• Bitcoin prices BTCUSD and the broader digital-asset space are seeing increased demand from investors this month. In the run-up to Thanksgiving, the OG crypto coin is up a solid 17% with prices floating just above the $37,000 handle. Turns out, not even the news of Binance founder pleading guilty could sway crypto bros.
• Upholding the positive sentiment over the market is the keenly-anticipated first-ever launch of a spot Bitcoin exchange-traded fund in the US. With over a dozen applications from large players such as Grayscale and BlackRock, the Securities and Exchange Commission is still tight-lipped on a potential go-ahead.
• The last time Bitcoin was up 17% or more in the month to Thanksgiving was in 2020 when it logged a 30% increase. Another 69% of gains arrived in the time span between the holiday and the end of the year. But remember, past performance is not an indication of future results.